Posts Tagged ‘Food Stamps’

The official national debt of $19 trillion, measured in gold, is about 15 billion ounces – around 100 times the quantity of gold supposedly stored in Fort Knox. Given the insanity of endless borrow & spend programs, ever increasing debt, overpriced stocks & bonds, desperation & delusions, and more … have you stacked physical gold in preparation for the inevitable consequences?

Public pension funds are going broke. Certain state pensions are laughably short the money needed to pay retirees. The Central States Pension Fund – a giant private pension fund, recently decided to cut benefit payments by as much as 61%. Retirees currently getting monthly checks for $3,000 will only get $1,180 now. The cuts will affect hundreds of thousands of people.

COMEX has NEVER EVER gone into an active delivery month with such a small amount of registered gold available. In fact, I cannot remember a time when the registered category was ever more sparse than it is now. The amount of gold in the registered category is now roughly $80 million. This is not only scary, I cannot believe COMEX would allow these numbers to be seen.

In summary, this turn through our Off the Grid indicators show a U.S. economy that is still only gradually on the mend. Consumers are no longer as afraid of systemic failure of the banking system, hence the decline in gold and silver coin demand. At the same time, food insecurity is still an issue and food inflation is on the rise.

Even if you believe the highly manipulated government CPI data, April’s YoY inflation rate came in at 1.95%. If annualized, April’s monthly change would equate to a rate closer to 4%. Yet, the Federal Reserve policymakers made clear that they see little chance of inflation moving past their 2% target for years to come.

Did you know that the number of Americans getting benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million? America has become a nation that is completely and totally addicted to government money.

Families will have less money to spend thanks to much higher health insurance premiums under Obamacare, more tax increases, higher interest rates on debt & cuts in government welfare programs. If the US consumer is tapped out, how will the economy possibly improve in 2014?

Desperate people do desperate things & it appears Americans are rapidly becoming a lot more desperate. An epidemic of thievery – Thefts, Cargo Hijacking & Cattle Rustling is sweeping across America & authorities are not quite sure what to make of it.

Today, one of America’s best-known welfare programs with 47.6 million participants or 15% of the total population, the Supplemental Nutrition Assistance Program also known as food stamps is due for a substantial haircut – So what happens next?